Probably GMX already locked him out of the account, Peter Todd is reporting that emails are bouncing back. Taking into account how stupid the hacker looks like, he probably didn't dump all the emails - if now he is locked out he will have no way to prove he was the original hacker because he didn't even create a PGP key for that purpose...

Amateur time.

That would mean the e-mail in the account exist unencrypted somewhere since only a password reset was needed to access it. Makes one wonder what would happen if a GMX admin has some free time to snoop around in his locked e-mail account?

A lot of hero, legendary, and senior members came out to comment on this thread! Lots of people showing interest of finding out info about an old friend?

Only Legendary members could have known Satoshi.

All the hacker needs to do is make a screenshot of the e-mail index from 8/3/2010 to 8/4/2010 , same as the other posted screen shots that only show the date and subject and I can tell everyone right away if account hack is legit. At least if e-mails from that long ago still exist. The hacker has already taken a verbal shot at me online, might as well backup his/her claim.

A lot of hero, legendary, and senior members came out to comment on this thread! Lots of people showing interest of finding out info about an old friend?

Only Legendary members could have known Satoshi.

All the hacker needs to do is make a screenshot of the e-mail index from 8/3/2010 to 8/4/2010 , same as the other posted screen shots that only show the date and subject and I can tell everyone right away if account hack is legit. At least if e-mails from that long ago still exist. The hacker has already taken a verbal shot at me online, might as well backup his/her claim.

As the subject says, does an exchange exist for Bitcoin in which the user sets the price to sell their bitcoins instead of the website setting and forcing the user to accept their own sell price? I am putting together some research and it seems all the large exchanges don't allow the user this type of freedom when trading.

I only use online banks and there's no way to deposit cash. Bitcoin has finally improved this scenario. Not only can I deposit cash, the entire Bitcoin network is mine. No more looking for those logos.

I predict the big banks will die but the online banks will soon embrace us. All hail ING. They're awesome.

Where have you been for the last 5 years, nearly every bank in my area can take cash & check deposits directly into the ATM 24 hours a day.

If people are buying from MtGox at a very low price compared to the market average and then selling them back into the open market for tremendous profit (via another exchange), then that calls into question the other "legitimate" exchanges because it does not fit the economics 101 of supply and demand. If the market is being flooded with cheap bitcoins via MtGox, then the price must go down unless the other exchanges are artificially inflating the value to avoid losing money on their side.

That would call into question more than just MtGox honoring trades, but every other exchange out there for price fixing.

if they would be able to do this, prices would not be so low... because of arbitrage. you can buy low on gox, but are not able to transfer then to bitstamp and sell high.

So everyone at MtGox is basically buying credits, for which they will never be able to exchange. Good point, so what exactly is MtGox selling at the moment then?

If people are buying from MtGox at a very low price compared to the market average and then selling them back into the open market for tremendous profit (via another exchange), then that calls into question the other "legitimate" exchanges because it does not fit the economics 101 of supply and demand. If the market is being flooded with cheap bitcoins via MtGox, then the price must go down unless the other exchanges are artificially inflating the value to avoid losing money on their side.

That would call into question more than just MtGox honoring trades, but every other exchange out there for price fixing.

It would not even need to an Altcoin because it just a different mutation of the original Bitcoin when you get down to the core. There is already a digital currency that does all this, but you won't hear about it outside the bitcoin bubble unfortunately.

I do not think it is mathematically possible to get a SHA256 hash result of all zero's because of the way the SHA256 constants are introduced into the algorithm. It raises the question of what the smallest possible result would be? And of course what the largest possible result would be?

Ok, I may be way off with this, but it seems to me that since each block contains the hash of the previous block, this is a constant that must be in the found block regardless of who finds it. Considering how difficulty rises, some time in the distant future difficulty could be so high that for a given previous block hash there is no solution due to all possible solutions not being able to meet the difficulty.

Yes this is unlikly. But as the number of leading zeroes increases, the number of possible solutions decreases. It is possible to create the perfect storm if you will, where a solution can not be found for any possible inputs. if a block can't be found, the difficulty won't decrease because it is dependant on blocks being found.

Is it anticipated that this won't happen because difficulty will adjust down prior to this occurring? If so, one occurance of really bad luck and that one hash that can't be completed could occur. Is there anything built into the bitcoin algorithim to deal with this potential problem?

Mathematically speaking, using the current bitcoin hash algorithm, there will be a point where the difficulty will be impossible to target because of the avalanche effect built into the sha256 algorithm that fights it. When that time comes, what happens if the difficulty is not achievable and no more blocks can be created? All transactions stop in bitcoin because the two systems (transactions and currency creation) are locked together.

new OS on a new box here, been...oh I don't know...year and a half since I have to set bitcoin QT up from scratch

sweet baby zombie jesus, hours and hours, I got hours to go, still 15 weeks back and the weeks are obviously getting bigger all the time

obviously this has to be a tired topic so forgive me, what are the strategies that have been proposed to deal with this? Couple years ago it was inconvenient, now it is ridiculous, couple years from now it will be untenable.

mass adoption indeed, lol

Trying wiping the entire block chain and starting over from null. There are not really enough active nodes to download the entire chain in less than a week on even the fastest connection because the rates from the nodes is so low.

people may want to start digging... i have been.... stay tuned for more updates.

BTC China is now the biggest Bitcoin exchange, surpassing the likes of Japan,USA and Europe in volume. The man behind this new powerhouse market is none other than BTC China CEO Bobby Lee. Bobby Lee comes from a background including Walmart China and Yahoo.

“I was introduced to Bitcoin two years ago by my brother, the founder of Litecoin ,” says Lee.

I'm sure the large money connection will pay for a lot of marketing to hype it up to raise value or else buy lots of it to raise the value, then sell at the peak. Probably already going on as we type.